XAUUSD

With the effect of the recovery of the US 10-year Treasury bond yield towards 4.10%; ounce gold exhibited relatively horizontal movements in the short term. CPI data can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2168 - 2175 region, which is currently supported by the 13 (2174) period exponential moving average. As long as the precious metal limits the downward demand in the 2168 - 2175 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2185 and 2190 levels. In the meantime, the attitude of the 2185 level can be followed in terms of the continuity of the upward expectation. In the alternative view, permanent pricing below the 2168 - 2175 region may be needed for the downward trend to become dominant. In this case, movements towards the 2160 and 2150 levels can be followed. At this stage, the reaction of the 2150 level supported by the 34-period exponential moving average can be monitored for the continuation of the pullbacks. Support: 2168-2160 Resistance: 2185-2190